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Fox cancels America’s Most Wanted and Million Dollar Money Drop; Renews Cops and Kitchen Nightmares

After 23 years on the air — its longest-running program — Fox has canceled America’s Most Wanted as a regular series. Fox says they’ll continue the show next season, but only as four quarterly two-hour specials [via Deadline]:

During a conference call this morning, Fox entertainment president Kevin Reilly said that “economically, it didn’t make sense” to continue the show, which had not made money for a while. Additionally, “for business reasons we want to have a place for repeats,” he said.

Fox also canceled Million Dollar Money Drop.

Meanwhile, the network’s new schedule confirms renewals for Cops and Kitchen Nightmares. Both shows will return this fall.

Keep up with all the latest Fox Upfronts 2011 news at the network’s dedicated page here.

You can also find news for ABC, CBS, The CW and NBC at the Television 2011-12 page here.